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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:35 EDTBBRYBlackBerry announces update on sale of Canadian real estate holdings
BlackBerry Limited announced that Spear Street Capital, LLC has waived its due diligence condition pursuant to BlackBerry's previously-announced agreement to sell the majority of BlackBerry's real estate holdings in Canada. Spear Street has agreed to purchase the properties for C$305M, or approximately $278M. The parties expect to complete the sale of properties valued at approximately 80% of this total later this month, with the sale of the remaining properties to be completed during the third calendar quarter of 2014, subject to customary closing conditions in each case. Under the terms of the transaction, BlackBerry will sell more than 3 million square feet of space as well as vacant lands. BlackBerry will lease back a portion of the space as the company continues to have a strong presence in Canada with Waterloo continuing as the home of its global headquarters.
News For BBRY From The Last 14 Days
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August 25, 2014
07:44 EDTBBRYMobileIron could benefit from BlackBerry replacements, says Deutsche Bank
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August 24, 2014
14:36 EDTBBRYBlackBerry wins another court victory against Typo Products, WSJ says
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August 20, 2014
11:50 EDTBBRYStocks with call strike movement; PBR BBRY
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August 18, 2014
10:52 EDTBBRYBlackBerry announces new technology unit
BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Blackberry CEO John Chen said, "Combining all these assets into a single business unit led by Sandeep will create operational synergies and new revenue streams, furthering our turnaround strategy."

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